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Loans
 9 Months Ended
Sep. 30, 2016
Loans [Abstract]  
Loans

Note 4 – Loans

The following table provides the balance of loans by portfolio segment as of September 30, 2016 and 2015, and December 31, 2015:
September 30December 31
(Dollars in thousands)   2016  2015  2015
Commercial:      
Commercial, financial, and industrial$12,118,298  $9,610,295  $10,436,390
Commercial real estate2,065,595  1,488,044  1,674,935
Consumer:    
Consumer real estate (a)4,578,371  4,813,936  4,766,518
Permanent mortgage436,100  463,893  454,123
Credit card & other357,423  349,324  354,536
Loans, net of unearned income$19,555,787  $16,725,492  $17,686,502
Allowance for loan losses201,557  210,814  210,242
Total net loans$19,354,230  $16,514,678  $17,476,260

Balances as of September 30, 2016 and 2015, and December 31, 2015, include $38.5 million, $59.3 million, and $52.8 million of restricted real estate loans, respectively. See Note 13 - Variable Interest Entities for additional information.

COMPONENTS OF THE LOAN PORTFOLIO

The loan portfolio is disaggregated into segments and then further disaggregated into classes for certain disclosures. GAAP defines a portfolio segment as the level at which an entity develops and documents a systematic method for determining its allowance for credit losses. A class is generally determined based on the initial measurement attribute (i.e., amortized cost or purchased credit-impaired), risk characteristics of the loan, and FHN’s method for monitoring and assessing credit risk. Commercial loan portfolio segments include commercial, financial and industrial ("C&I") and commercial real estate ("CRE"). Commercial classes within C&I include general C&I, loans to mortgage companies, the trust preferred loans ("TRUPS") (i.e. long-term unsecured loans to bank and insurance - related businesses) portfolio and purchased credit-impaired (“PCI”) loans. Loans to mortgage companies include commercial lines of credit to qualified mortgage companies primarily for the temporary warehousing of eligible mortgage loans prior to the borrower’s sale of those mortgage loans to third party investors. Commercial classes within CRE include income CRE, residential CRE and PCI loans. Consumer loan portfolio segments include consumer real estate, permanent mortgage, and the credit card and other portfolio. Consumer classes include home equity lines of credit (“HELOCs”), real estate ("R/E") installment and PCI loans within the consumer real estate segment, permanent mortgage (which is both a segment and a class), and credit card and other.

Concentrations

FHN has a concentration of residential real estate loans (26 percent of total loans), the majority of which is in the consumer real estate segment (23 percent of total loans). Loans to finance and insurance companies total $2.3 billion (19 percent of the C&I portfolio, or 12 percent of the total loans). FHN had loans to mortgage companies totaling $2.5 billion (20 percent of the C&I segment, or 13 percent of total loans) as of September 30, 2016. As a result, 39 percent of the C&I segment was sensitive to impacts on the financial services industry.

Acquisition

On September 16, 2016, FHN completed its acquisition of restaurant franchise loans from GE Capital. The acquisition included $537.4 million in unpaid principal balance of loans.

On October 2, 2015, FHN completed its acquisition of TAF, and its wholly-owned bank subsidiary TAB. The acquisition included $298.1 million in unpaid principal balance of loans with a fair value of $281.9 million.

Generally, the fair value for the acquired loans is estimated using a discounted cash flow analysis with significant unobservable inputs (Level 3) including adjustments for expected credit losses, prepayment speeds, current market rates for similar loans, and an adjustment for investor-required yield given product-type and various risk characteristics..

At each acquisition, FHN designated certain loans as PCI with the remaining loans accounted for under ASC 310-20, "Nonrefundable Fees and Other Costs." For loans accounted for under ASC 310-20, the difference between each loan’s book value and the estimated fair value at the time of the acquisition will be accreted into interest income over its remaining contractual life and the subsequent accounting and reporting will be similar to a loan in FHN's originated portfolio.

Purchased Credit-Impaired Loans
The following table reflects FHN's contractually required payment receivable, cash flows expected to be collected and the fair value of PCI loans at the acquisition date of September 16, 2016.
(Dollars in thousands)September 16, 2016
Contractually required payments including interest$40,143
Less: nonaccretable difference(1,030)
Cash flows expected to be collected39,113
Less: accretable yield(2,883)
Fair value of loans acquired$36,230

The following table presents a rollforward of the accretable yield for the three and nine months ended September 30, 2016 and 2015:
Three Months EndedNine Months Ended
September 30September 30
(Dollars in thousands)2016201520162015
Balance, beginning of period$6,171$8,348$8,542$14,714
Additions2,883-2,883-
Accretion(837)(1,037)(2,984)(5,985)
Adjustment for payoffs(179)(835)(4,408)(2,931)
Adjustment for charge-offs--(674)-
Increase in accretable yield (a)6865005,3981,178
Other--(33)-
Balance, end of period$8,724$6,976$8,724$6,976

Includes changes in the accretable yield due to both transfers from the nonaccretable difference and the impact of changes in the expected timing of the cash flows.

At September 30, 2016, the ALLL related to PCI loans was $1.2 million compared to $2.9 million at September 30, 2015. A loan loss provision expense of $.3 million was recognized during the three months ended September 30, 2016, as compared to $.1 million recognized during the three months ended September 30, 2015. The PCI provision was not material for the nine months ended September 30, 2016, and was a provision credit of $.4 million for the nine months ended September 30, 2015.

The following table reflects the outstanding principal balance and carrying amounts of the acquired PCI loans as of September 30, 2016 and 2015, and December 31, 2015:
September 30, 2016September 30, 2015December 31, 2015
(Dollars in thousands)Carrying valueUnpaid balanceCarrying valueUnpaid balanceCarrying valueUnpaid balance
Commercial, financial and industrial $46,189$47,882$4,767$5,353$16,063$18,573
Commercial real estate 8,66111,34017,99821,13819,92925,504
Consumer real estate 1,2331,7331,9682,6363,6724,533
Credit card and other 51656105276
Total $56,134$61,020$24,739$29,137$39,716$48,686

Impaired Loans
The following tables provide information at September 30, 2016 and 2015, by class related to individually impaired loans and consumer TDRs, regardless of accrual status. Recorded investment is defined as the amount of the investment in a loan, before valuation allowance but which does reflect any direct write-down of the investment. For purposes of this disclosure, PCI loans and net LOCOM have been excluded.
September 30, 2016Three Months EndedNine Months Ended
September 30, 2016September 30, 2016
  Unpaid  AverageInterestAverageInterest
RecordedPrincipalRelatedRecordedIncomeRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognizedInvestmentRecognized
Impaired loans with no related allowance recorded:        
Commercial:        
General C&I$13,127  $20,666  $-$13,708  $-$12,088  $-
Income CRE-  -  -1,234  -2,057  -
Total$13,127  $20,666  $-$14,942  $-$14,145  $-
Consumer:        
HELOC (a)$11,359  $24,541  $-$11,273  $-$11,100  $-
R/E installment loans (a)4,084  5,094  -4,158  -4,333  -
Permanent mortgage (a)4,279  6,654  -4,280  -4,292  -
Total$19,722  $36,289  $-$19,711  $-$19,725  $-
Impaired loans with related allowance recorded:        
Commercial:        
General C&I$32,982  $34,915  $4,262$33,433  $289$29,896  $668
TRUPS3,242  3,700  9253,258  -3,291  -
Income CRE1,968  2,246  1133,211  154,376  55
Residential CRE1,334  1,803  1031,355  51,376  17
Total$39,526  $42,664  $5,403$41,257  $309$38,939  $740
Consumer:        
HELOC$86,967  $89,500  $15,769$87,919  $546$88,266  $1,527
R/E installment loans56,499  57,686  13,69257,775  35758,890  1,019
Permanent mortgage89,792  102,355  14,61190,697  54492,716  1,602
Credit card & other340  340  139348  4353  10
Total$233,598  $249,881  $44,211$236,739  $1,451$240,225  $4,158
Total commercial$52,653  $63,330  $5,403$56,199  $309$53,084  $740
Total consumer$253,320  $286,170  $44,211$256,450  $1,451$259,950  $4,158
Total impaired loans$305,973  $349,500  $49,614$312,649  $1,760$313,034  $4,898

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

September 30, 2015Three Months EndedNine Months Ended
September 30, 2015September 30, 2015
  Unpaid  AverageInterestAverageInterest
RecordedPrincipalRelatedRecordedIncomeRecordedIncome
(Dollars in thousands)InvestmentBalanceAllowanceInvestmentRecognizedInvestmentRecognized
Impaired loans with no related allowance recorded:        
Commercial:        
General C&I$5,586  $7,266  $-$8,994  $-$11,202  $-
Income CRE2,468  9,389  -3,328  -4,631  -
Residential CRE-  -  --  -191  -
Total$8,054  $16,655  $-$12,322  $-$16,024  $-
Consumer:        
HELOC (a)$11,000  $28,486  $-$11,788  $-$12,455  $-
R/E installment loans (a)4,404  5,756  -4,682  -4,696  -
Permanent mortgage (a)5,983  8,255  -6,193  -6,743  -
Total$21,387  $42,497  $-$22,663  $-$23,894  $-
Impaired loans with related allowance recorded:        
Commercial:        
General C&I$21,319  $25,515  $846$25,934  $238$24,702  $727
TRUPS13,369  13,700  5,31013,384  -13,414  -
Income CRE6,424  7,709  4966,606  326,962  95
Residential CRE1,417  1,886  911,468  61,512  19
Total$42,529  $48,810  $6,743$47,392  $276$46,590  $841
Consumer:        
HELOC$89,199  $91,382  $17,200$88,245  $474$86,359  $1,383
R/E installment loans65,465  66,431  16,71866,367  35268,274  1,010
Permanent mortgage99,071  111,683  15,69699,913  613102,341  1,841
Credit card & other380  380  168399  3453  11
Total$254,115  $269,876  $49,782$254,924  $1,442$257,427  $4,245
Total commercial$50,583  $65,465  $6,743$59,714  $276$62,614  $841
Total consumer$275,502  $312,373  $49,782$277,587  $1,442$281,321  $4,245
Total impaired loans$326,085  $377,838  $56,525$337,301  $1,718$343,935  $5,086

All discharged bankruptcy loans are charged down to an estimate of net realizable value and do not carry any allowance.

Asset Quality Indicators

FHN employs a dual grade commercial risk grading methodology to assign an estimate for the probability of default ("PD") and the loss given default ("LGD") for each commercial loan using factors specific to various industry, portfolio, or product segments that result in a rank ordering of risk and the assignment of grades PD 1 to PD 16. Each PD grade corresponds to an estimated one-year default probability percentage; a PD 1 has the lowest expected default probability, and probabilities increase as grades progress down the scale. PD 1 through PD 12 are “pass” grades. PD grades 13-16 correspond to the regulatory-defined categories of special mention (13), substandard (14), doubtful (15), and loss (16). Pass loan grades are required to be reassessed annually or earlier whenever there has been a material change in the financial condition of the borrower or risk characteristics of the relationship. All commercial loans over $1 million and certain commercial loans over $500,000 that are graded 13 or worse are reassessed on a quarterly basis. LGD grades are assigned based on a scale of 1-12 and represent FHN’s expected recovery based on collateral type in the event a loan defaults. See Note 5 - Allowance for Loan Losses for further discussion on the credit grading system.

The following tables provide the balances of commercial loan portfolio classes with associated allowance, disaggregated by PD grade as of September 30, 2016 and 2015:
September 30, 2016
Loans to      Allowance
GeneralMortgageIncomeResidentialPercentagefor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalof TotalLosses
PD Grade:      
1$475,708$-$-$1,109  $-  $476,817  3%$85
2689,620--11,586  91  701,297  5332
3445,832645,764-133,661  -  1,225,257  9298
4924,003409,470-230,460  -  1,563,933  111,001
51,148,228286,413-299,750  561  1,734,952  126,330
61,417,978762,294-297,287  13,145  2,490,704  1810,367
71,431,070209,511-479,531  3,286  2,123,398  1513,302
8995,67893,661-321,942  4,174  1,415,455  1023,930
9634,14232,537-105,274  4,079  776,032  514,419
10367,94740,099-57,528  12,708  478,282  38,401
11218,754--24,245  4,532  247,531  26,229
12118,425--12,678  6,701  137,804  14,290
13216,314-304,5278,990  135  529,966  47,262
14,15,16154,41270-18,207  1,441  174,130  116,804
Collectively evaluated for impairment9,238,1112,479,819304,5272,002,248  50,853  14,075,558  99113,050
Individually evaluated for impairment46,109-3,2421,968  1,334  52,653  -5,403
Purchased credit-impaired loans46,490--8,75843455,6821833
Total commercial loans$9,330,710$2,479,819$307,769$2,012,974  $52,621  $14,183,893  100%$119,286

September 30, 2015
  Loans to          Allowance
GeneralMortgageIncomeResidentialPercentagefor Loan
(Dollars in thousands)C&ICompaniesTRUPS (a)CRECRETotalof TotalLosses
PD Grade:            
1$529,836$-$-$707  $-  $530,543  5%$127
2590,614--10,835  126  601,575  5322
3453,831327,776-90,588  -  872,195  8311
4822,515315,061-110,165  302  1,248,043  11949
51,190,085239,391-234,729  7,015  1,671,220  156,901
61,201,553350,401-347,740  2,793  1,902,487  1710,630
71,278,44398,262-354,457  4,670  1,735,832  1613,891
8747,76018,189-150,375  561  916,885  813,953
9377,99826,240-42,995  2,212  449,445  48,310
10188,711--30,515  89  219,315  24,635
11186,974--28,004  747  215,725  25,861
1280,836--9,095  516  90,447  12,975
13112,423-305,3823,600  260  421,665  44,256
14,15,16123,345--23,195  1,277  147,817  114,533
Collectively evaluated for impairment7,884,924  1,375,320  305,382  1,437,000  20,568  11,023,194  99  87,654
Individually evaluated for impairment26,904-12,7558,892  1,417  49,968  1  6,743
Purchased credit-impaired loans5,010--18,5331,63425,177-2,414
Total commercial loans$7,916,838  $1,375,320  $318,137  $1,464,425  $23,619  $11,098,339  100% $96,811

Balances as of September 30, 2016 and 2015, presented net of $25.5 million and $26.2 million, respectively, in lower of cost or market (“LOCOM”) valuation adjustment. Based on the underlying structure of the notes, the highest possible internal grade is "13".

The consumer portfolio is comprised primarily of smaller-balance loans which are very similar in nature in that most are standard products and are backed by residential real estate. Because of the similarities of consumer loan-types, FHN is able to utilize the Fair Isaac Corporation (“FICO”) score, among other attributes, to assess the credit quality of consumer borrowers. FICO scores are refreshed on a quarterly basis in an attempt to reflect the recent risk profile of the borrowers. Accruing delinquency amounts are indicators of asset quality within the credit card and other consumer portfolio.

The following table reflects the percentage of balances outstanding by average, refreshed FICO scores for the HELOC, real estate installment, and permanent mortgage classes of loans as of September 30, 2016 and 2015:
September 30, 2016September 30, 2015
HELOCR/E Installment LoansPermanent MortgageHELOCR/E Installment LoansPermanent Mortgage
FICO score greater than or equal to 74056.3%68.7%43.6%55.4%67.6%43.1%
FICO score 720-7398.99.19.58.88.19.2
FICO score 700-7198.87.111.99.27.910.0
FICO score 660-69913.28.816.512.98.816.8
FICO score 620-6595.93.48.76.54.18.4
FICO score less than 620 (a)6.92.99.87.23.512.5
Total100.0%100.0%100.0%100.0%100.0%100.0%

For this group, a majority of the FICO scores at the time of the origination exceeded 620 but have since deteriorated as the loans have seasoned

Nonaccrual and Past Due Loans

The following table reflects accruing and non-accruing loans by class on September 30, 2016:
Accruing  Non-Accruing  
  30-89  90+      30-89  90+  Total
DaysDaysTotalDaysDaysNon-Total
(Dollars in thousands)Current Past DuePast DueAccruingCurrent Past DuePast DueAccruingLoans
Commercial (C&I):                
General C&I$9,253,922  $3,570  $96  $9,257,588  $9,897  $2,440  $14,295  $26,632  $9,284,220
Loans to mortgage companies2,478,708  1,041  -  2,479,749  -  -  70  70  2,479,819
TRUPS (a)304,527  -  -  304,527  -  -  3,242  3,242  307,769
Purchased credit-impaired loans45,311  711  468  46,490  -  -  -  -  46,490
Total commercial (C&I)12,082,4685,32256412,088,3549,897  2,440  17,607  29,94412,118,298
Commercial real estate:                
Income CRE2,000,553  1,071  -  2,001,624  113  468  2,011  2,592  2,004,216
Residential CRE50,221  1,141  -  51,362  -  -  825  825  52,187
Purchased credit-impaired loans7,697  390  1,105  9,192  -  -  -  -  9,192
Total commercial real estate2,058,4712,602  1,1052,062,178113  468  2,8363,4172,065,595
Consumer real estate:                
HELOC1,693,312  16,054  10,031  1,719,397  50,377  4,101  10,126  64,604  1,784,001
R/E installment loans2,754,910  9,932  3,129  2,767,971  19,251  2,319  3,263  24,833  2,792,804
Purchased credit-impaired loans1,315  -  251  1,566  -  -  -  -  1,566
Total consumer real estate4,449,537  25,986  13,411  4,488,934  69,628  6,420  13,389  89,437  4,578,371
Permanent mortgage396,285  4,331  6,380  406,996  11,113  3,867  14,124  29,104  436,100
Credit card & other:                
Credit card186,482  1,464  1,230  189,176  -  -  -  -  189,176
Other167,015  843  190  168,048  -  -  148  148  168,196
Purchased credit-impaired loans51--51----51
Total credit card & other353,548  2,307  1,420  357,275  -  -  148  148  357,423
Total loans, net of unearned income$19,340,309  $40,548  $22,880  $19,403,737  $$90,751  $13,195  $$48,104  $$152,050  $$19,555,787

Total TRUPS includes LOCOM valuation adjustment of $25.5 million.

The following table reflects accruing and non-accruing loans by class on September 30, 2015:
Accruing  Non-Accruing  
30-8990+30-8990+Total 
   Days  Days  Total     Days  Days  Non-  Total
(Dollars in thousands) CurrentPast DuePast DueAccruingCurrentPast DuePast DueAccruingLoans
Commercial (C&I):
General C&I$7,888,633  $6,095  $349  $7,895,077  $5,359  $1,553  $9,839  $16,751  $7,911,828
Loans to mortgage companies1,373,103  2,102  -  1,375,205  -  -  115  115  1,375,320
TRUPS (a)305,382  -  -  305,382  -  -  12,755  12,755  318,137
Purchased credit-impaired loans4,705  -  305  5,010  -  -  -  -  5,010
Total commercial (C&I)9,571,8238,1976549,580,6745,359  1,553  22,709  29,6219,610,295
Commercial real estate:                
Income CRE1,435,395  2,394  -  1,437,789  914  -  7,189  8,103  1,445,892
Residential CRE21,905  80  -  21,985  -  -  -  -  21,985
Purchased credit-impaired loans16,172  3,845  150  20,167  -  -  -  -  20,167
Total commercial real estate1,473,4726,319  1501,479,941914  -  7,1898,1031,488,044
Consumer real estate:                
HELOC 2,056,044  19,459  10,146  2,085,649  63,667  5,150  9,126  77,943  2,163,592
R/E installment loans2,599,513  11,423  3,211  2,614,147  26,293  2,174  5,258  33,725  2,647,872
Purchased credit-impaired loans2,383  -  89  2,472  -  -  -  -  2,472
Total consumer real estate4,657,940  30,882  13,446  4,702,268  89,960  7,324  14,384  111,668  4,813,936
Permanent mortgage420,727  4,051  5,270  430,048  14,044  3,228  16,573  33,845  463,893
Credit card & other:                
Credit card187,770  2,049  1,171  190,990  -  -  -  -  190,990
Other156,664  718  202  157,584  -  -  743  743  158,327
Purchased credit-impaired loans7--7----7
Total credit card & other344,441  2,767  1,373  348,581  -  -  743  743  349,324
Total loans, net of unearned income$16,468,403  $52,216  $20,893  $16,541,512  $110,277  $12,105  $61,598  $183,980  $16,725,492

Total TRUPS includes LOCOM valuation adjustment of $26.2 million.

Troubled Debt Restructurings

As part of FHN’s ongoing risk management practices, FHN attempts to work with borrowers when necessary to extend or modify loan terms to better align with their current ability to repay. Extensions and modifications to loans are made in accordance with internal policies and guidelines which conform to regulatory guidance. Each occurrence is unique to the borrower and is evaluated separately.

A modification is classified as a TDR if the borrower is experiencing financial difficulty and it is determined that FHN has granted a concession to the borrower. FHN may determine that a borrower is experiencing financial difficulty if the borrower is currently in default on any of its debt, or if it is probable that a borrower may default in the foreseeable future. Many aspects of a borrower’s financial situation are assessed when determining whether they are experiencing financial difficulty. Concessions could include extension of the maturity date, reductions of the interest rate (which may make the rate lower than current market for a new loan with similar risk), reduction or forgiveness of accrued interest, or principal forgiveness. The assessments of whether a borrower is experiencing (or is likely to experience) financial difficulty, and whether a concession has been granted, are subjective in nature and management’s judgment is required when determining whether a modification is classified as a TDR.

For all classes within the commercial portfolio segment, TDRs are typically modified through forbearance agreements (generally 6 to 12 months). Forbearance agreements could include reduced interest rates, reduced payments, release of guarantor, or entering into short sale agreements. FHN’s proprietary modification programs for consumer loans are generally structured using parameters of U.S. government-sponsored programs such as Home Affordable Modification Program (“HAMP”). Within the HELOC and R/E installment loans classes of the consumer portfolio segment, TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 1 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years, the interest rate generally returns to the original interest rate prior to modification; for certain modifications, the modified interest rate increases 2 percent per year until the original interest rate prior to modification is achieved. Permanent mortgage TDRs are typically modified by reducing the interest rate (in increments of 25 basis points to a minimum of 2 percent for up to 5 years) and a possible maturity date extension to reach an affordable housing debt ratio. After 5 years, the interest rate steps up 1 percent every year until it reaches the Federal Home Loan Mortgage Corporation Weekly Survey Rate cap. Contractual maturities may be extended to 40 years on permanent mortgages and to 30 years for consumer real estate loans. Within the credit card class of the consumer portfolio segment, TDRs are typically modified through either a short-term credit card hardship program or a longer-term credit card workout program. In the credit card hardship program, borrowers may be granted rate and payment reductions for 6 months to 1 year. In the credit card workout program, customers are granted a rate reduction to 0 percent and term extensions for up to 5 years to pay off the remaining balance.

Despite the absence of a loan modification, the discharge of personal liability through bankruptcy proceedings is considered a concession. As a result, FHN classifies all non-reaffirmed residential real estate loans discharged in Chapter 7 bankruptcy as nonaccruing TDRs.

On September 30, 2016 and 2015, FHN had $289.6 million and $304.7 million portfolio loans classified as TDRs, respectively. For TDRs in the loan portfolio, FHN had loan loss reserves of $48.7 million and $51.2 million, or 17 percent as of September 30, 2016 and 2015. Additionally, $71.2 million and $72.6 million of loans held-for-sale as of September 30, 2016 and 2015, respectively, were classified as TDRs.

The following tables reflect portfolio loans that were classified as TDRs during the three and nine months ended September 30, 2016 and 2015:
Three Months Ended September 30, 2016Nine Months Ended September 30, 2016
  Pre-Modification  Post-ModificationPre-ModificationPost-Modification
OutstandingOutstandingOutstandingOutstanding
(Dollars in thousands) NumberRecorded InvestmentRecorded InvestmentNumberRecorded InvestmentRecorded Investment
Commercial (C&I):        
General C&I2  $419  $4197  $20,302  $19,194
Total commercial (C&I)2  419  4197  20,302  19,194
Commercial real estate:        
Income CRE1  100  991  100  99
Total commercial real estate1  100  991  100  99
Consumer real estate:        
HELOC 48  5,720  5,573200  18,418  18,189
R/E installment loans10  345  33744  4,569  4,846
Total consumer real estate58  6,065  5,910244  22,987  23,035
Permanent mortgage 2  710  7046  1,551  1,544
Credit card & other10  45  441566  64
Total troubled debt restructurings73  $7,339  $7,176273  $45,006  $43,936

Three Months Ended September 30, 2015Nine Months Ended September 30, 2015
  Pre-Modification  Post-ModificationPre-ModificationPost-Modification
OutstandingOutstandingOutstandingOutstanding
(Dollars in thousands) NumberRecorded InvestmentRecorded InvestmentNumberRecorded InvestmentRecorded Investment
Commercial (C&I):        
General C&I-  $-  $-2  $1,388  $1,325
Total commercial (C&I)-  -  -2  1,388  1,325
Commercial real estate:        
Income CRE-  -  --  -  -
Total commercial real estate-  -  --  -  -
Consumer real estate:        
HELOC56  6,918  6,820158  17,882  17,674
R/E installment loans20  988  97458  4,254  4,267
Total consumer real estate76  7,906  7,794216  22,136  21,941
Permanent mortgage-  -  -6  2,039  2,054
Credit card & other3  11  1015  59  56
Total troubled debt restructurings79  $7,917  $7,804239  $25,622  $25,376

The following tables present TDRs which re-defaulted during the three and nine months ended September 30, 2016 and 2015, and as to which the modification occurred 12 months or less prior to the re-default. For purposes of this disclosure, FHN generally defines payment default as 30 or more days past due.
Three Months EndedNine Months Ended
September 30, 2016September 30, 2016
  RecordedRecorded
(Dollars in thousands)NumberInvestmentNumberInvestment
Commercial real estate:    
Residential CRE-  $-  -  $-
Total commercial real estate-  -  -  -
Consumer real estate:    
HELOC-  -  2  138
R/E installment loans-  -  1  180
Total consumer real estate-  -  3  318
Credit card & other-  -  -  -
Total troubled debt restructurings-  $-  3  $318

Three Months EndedNine Months Ended
September 30, 2015September 30, 2015
  RecordedRecorded
(Dollars in thousands)NumberInvestmentNumberInvestment
Commercial real estate:    
Residential CRE-  $-  1  $896
Total commercial real estate-  -  1  896
Consumer real estate:    
HELOC-  -  7  308
R/E installment loans2  50  4  162
Total consumer real estate2  50  11  470
Credit card & other1  24  10
Total troubled debt restructurings3  $52  16  $1,376